BOTJ (Bank of the James Financial Group) Total Assets : $1,008.06 Mil (As of Sep. 2024)

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What is Bank of the James Financial Group Total Assets?

Bank of the James Financial Group's Total Assets for the quarter that ended in Sep. 2024 was $1,008.06 Mil.

During the past 12 months, Bank of the James Financial Group's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was -0.10% per year. During the past 5 years, the average Total Assets Growth Rate was 4.20% per year. During the past 10 years, the average Total Assets Growth Rate was 7.40% per year.

During the past 13 years, Bank of the James Financial Group's highest 3-Year average Total Assets Growth Rate was 31.80%. The lowest was -4.30%. And the median was 9.45%.

Total Assets is connected with ROA %. Bank of the James Financial Group's annualized ROA % for the quarter that ended in Sep. 2024 was 0.80%. Total Assets is also linked to Revenue through Asset Turnover. Bank of the James Financial Group's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Bank of the James Financial Group Total Assets Historical Data

The historical data trend for Bank of the James Financial Group's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of the James Financial Group Total Assets Chart

Bank of the James Financial Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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851.39

987.63

928.57

969.37

979.24

Bank of the James Financial Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															969.37	984.89	978.01	1,008.06	979.24

Bank of the James Financial Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Bank of the James Financial Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	60.039	+	909.332
	=	969.37

Bank of the James Financial Group's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	68.834	+	939.229
	=	1,008.06

Bank of the James Financial Group (NAS:BOTJ) Total Assets Explanation

Total Assets is connected with ROA %.

Bank of the James Financial Group's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	7.96	/	( (978.011	+	1008.063)	/ 2 )
	=	7.96	/	993.037
	=	0.80 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Bank of the James Financial Group's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	11.142	/	( (978.011	+	1008.063)	/ 2 )
=	11.142	/	993.037
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Bank of the James Financial Group Total Assets Related Terms

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Bank of the James Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of the James Financial Group Inc (NAS:BOTJ) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

828 Main Street, Lynchburg, VA, USA, 24504

Website

https://www.bankofthejames.bank

Bank of the James Financial Group Inc is a bank holding company that provides retail and commercial banking, deposit services, lending services, mortgage brokerage services, and other banking services. The company provides a range of deposit services including checking accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. It offers various types of secured and unsecured consumer loans, including personal loans, lines of credit, overdraft lines of credit, automobile loans, installment loans, demand loans, and home equity loans. It operates three business segments, community banking; mortgage banking, and investment advisory services.

Executives

Alford John R Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Bryant William C Iii	director	828 MAIN ST, LYNCHBURG VA 24504
Julie P Doyle	director	828 MAIN ST, LYNCHBURG VA 24504
Phillip C Jamerson	director	828 MAIN ST, LYNCHBURG VA 24504
Foster Watt R Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Lewis C Addison	director	828 MAIN ST, LYNCHBURG VA 24504
J Todd Scruggs	officer: Secretary-Treasurer	PO BOX 1200, LYNCHBURG VA 24505
Umberger Harry P Jr	officer: EVP - Chief Credit Officer	828 MAIN ST, LYNCHBURG VA 24504
Robert R Chapman	director, officer: President	PO BOX 1200, LYNCHBURG VA 24505
Dalton Aubrey Douglas Iii	director	828 MAIN ST, LYNCHBURG VA 24504
Petticolas Augustus A Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Pettyjohn Thomas W Jr	director	PO BOX 1200, LYNCHBURG VA 24505
Michael A Syrek	officer: EVP - Senior Lending Officer	828 MAIN ST, LYNCHBURG VA 24504
Sorenson Eric John Jr	officer: EVP	828 MAIN STREET, LYNCHBURG VA 24504
Lydia K Langley	director	828 MAIN ST, LYNCHBURG VA 24504